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Thursday, 3 October 2019

What are the stocks that play a vital role in the movement of Nifty 100?

Nifty 100 comprises of 100 stocks, having different weightage in the index.

Top 10 stocks with maximum weightage are:

HDFC Bank Ltd: 9.30%

Reliance Industries Ltd : 8.26%

HDFC Ltd. : 7.20%

Infosys Ltd. : 5.98%

ICICI Bank Ltd. : 5.11%

TCS Ltd : 4.59%

ITC Ltd. : 4.07%

Kotak Mahindra Bank Ltd : 3.70%

Larsen & Tuobro Ltd. : 3.17%

Axis Bank Ltd. : 2.62%

These are weights assigned the stocks as on August 30, 2019, in the index.

These 10 stocks comprise of 54% of the the total Index value among 100 stocks, in all. It is be noted here, that, these are also the stocks which comprise of more than 65% value in the major benchmark Index NIFTY.

So, any major movement in these stocks, individually or cumulatively, can play a vital role in movement of Nifty 100 Index